Financial innovations such as direct deposit of paychecks,electronic payment of bills,and automated teller machines (ATMs) have likely ________.
A) had minimal effect on M1 and M2
B) reduced the size of M2 relative to M1
C) increased both M1 and M2 relative to GDP
D) caused the growth rates of M1 and M2 to become more stable
E) reduced the size of M1 relative to M2
Correct Answer:
Verified
Q25: Which of the following is true for
Q26: Which of these transactions results in an
Q27: Which of the following is true for
Q28: Both the Federal Reserve System in the
Q29: Recent financial turmoil has caused many people
Q31: M1 differs from M2 because _.
A)M2 includes
Q32: Which of these transactions results in an
Q33: M1 differs from M2 because _.
A)M1 is
Q34: Current Federal Reserve policy focuses on interest
Q35: M1 differs from M2 because _.
A)M1 includes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents